$1,490,000
●
House -
Off Market
115a Meadowbrook Drive
Chapel Hill, NC 27514
4 Beds
3 Baths,
1
Half Bath
3,169 Ft²
$6,767
Est. Monthly
1.80%
Cap Rate
About This Property
115 A Meadowbrook is a North Carolina Modernist architectural
beauty designed by Harry Leroy Munson III, known for creating homes
to his liking and then finding buyers who appreciated his work.
Perfectly situated on 0.81 acres, this home is expertly positioned
to capture natural light from a multitude of windows, seamlessly
connecting the indoor and outdoor spaces with quintessential
harmony. Features such as the basement bedroom provide
opportunities for an in-law suite or private guest quarters. An
attractive workshop could be converted to host hobbies and
passions. Additional amenities include a basketball court, a large
cleared backyard, expansive patios, and multiple decks offering
countless options for the discerning buyer. Outdoor enthusiasts
will appreciate the proximity to the Bolin Creek Trail and the easy
access to the delightful Caffe Driade and the surprise Hawk
captured in a photo.
Unit Size
3,169 Ft²
Days on Market
-
Land Size
0.81 acres
Price per sqft
$379
Property Type
House
Property Taxes
$875
HOA Dues
-
Year Built
1965
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (TMLS #10043534)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 15, 2024 | Sold | ||
| Sold | |||
| Jul 26, 2024 | Listed by Urban Durham Realty | $1,200,000 | |
| Listed by Urban Durham Realty | |||
| | |||
|
115 A Meadowbrook is a North Carolina Modernist architectural beauty designed by Harry Leroy Munson III, known for creating homes to his liking and then finding buyers who appreciated his work. Perfectly situated on 0.81 acres, this home is expertly positioned to capture natural light from a multitude of windows, seamlessly connecting the indoor and outdoor spaces with quintessential harmony. Features such as the basement bedroom provide opportunities for an in-law suite or private guest quarters. An attractive workshop could be converted to host hobbies and passions. Additional amenities include a basketball court, a large cleared backyard, expansive patios, and multiple decks offering countless options for the discerning buyer. Outdoor enthusiasts will appreciate the proximity to the Bolin Creek Trail and the easy access to the delightful Caffe Driade and the surprise Hawk captured in a photo.
| |||
| Sep 30, 2015 | Sold | ||
| Sold | |||
| Dec 22, 2014 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Hidden Hills
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Mary R Hunter, Urban Durham Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10043534
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10043534
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